Two additional sun2live rooftops installations coming for Supreme Farms facility
Lahore, Pakistan. Supreme Farms, a Pakistani food products company, called on oursun Solar Power Ltd. a subsidiary of The meeco Group for the realisation of sun2live rooftop installations. The Power Purchase Agreement (PPA) was concluded in 2014 for the installation of a project up to 900 kWp. At the moment, 540 kWp are installed on four different buildings of the Supreme Farms facility and connected to feed the loads of the operations. The remaining 360 KWp will be within 2015.
These past few years, Pakistan saw its needs and consequently its demand in clean and renewable energies increase considerably. In order to answer this growing demand and fulfill the Pakistani market requirements, The meeco Group has founded in 2013 with very solid partners in Pakistan a joint venture: oursun Solar Power Ltd. Since then, The meeco Group was able execute several projects under PPA arrangements.
The Power Purchase Agreement (PPA), which ties the two parties, states that oursun Solar Power Ltd. develops, designs, erects, owns and maintains solar sun2live production facilities for a period of ten years on the premises of the customer. It also sta tes that oursun Solar Power Ltd.will have to provide the produced energy to Supreme Farms at a fixed rate. With this installation, oursun Solar Power Ltd. secures stable, forecastable and lower than grid price electricity cost for its clients, whilst itself generating regular and secured income through the contracts.
The Supreme Farms sun2live installation started in April 2014 using high-quality European photovoltaic modules and inverters as well as a mounting substructures system. These were especially tailor-made as per the local requirements in Pakistan and of the customers' premises.
"We are very proud to provide clean energy for the Pakistani industry and to make a contribution to a sustainable development of the country", explains Syed Saad Zafar, CEO and Director of oursun Solar Power Ltd., who has negotiated and concluded the agreements.
About The meeco Group: The meeco Group was consolidated in 2000 and oriented its main focus towards the energy sector. With world headquarters located in Zug, Switzerland, the group currently has over 50 employees working across 4 continents. Thanks to a structured but flexible approach based on its core competencies, The meeco Group has delivered over 320 MW of clean, renewable energy solutions across four continents. The meeco Group accomplishes its mission by providing project developers, investors, governments, and private businesses with the services necessary for timely financing, installation, and operation of clean energy assets.